Latest News
US pre-open: Futures in the red as bond yields rise
Wall Street futures were in the red ahead of the bell on Tuesday as rising bond yields apply pressure to the market ahead of key testimony from Federal Reserve chairman Jerome Powell later in the day.
Europe midday: Shares slump as rising bond yields spook investors
European shares slumped on Tuesday as worries over an economic slowdown in China and rising bond yields hit sentiment.
London midday: Stocks drop amid inflation, China energy worries
London stocks were in the red by midday amid worries about inflation and Chinese power shortages, with all eyes on a testimony by Federal Reserve chair Jerome Powell later in the day.
Carnival makes leadership appointments in UK, Australia
Carnival announced two appointments to its leadership team on Tuesday, naming industry veterans to lead operations for Carnival UK and Carnival Australia.
Berenberg raises target price on Superdry
Analysts at Berenberg raised their target price on clothing retailer Superdry from 235. 0p to 280. 0p on Tuesday but stated a "leap of faith" was required as the group's risk/reward balance was weighted very evenly.
Ofcom brings in new broadband switching rules
British broadband customers will be able to switch providers more easily under a new service to be introduced by media regulator Ofcom.
Push for 'net zero' emissions could have significant impact on inflation, Capital Economics says
The global push towards "net-zero" emissions could have significant implications for the inflation outlook depending on how quickly those changes are implemented, economists said.
Jadestone Energy commences production at Montara H6 development well
Independent oil and gas producer Jadestone Energy said on Tuesday that its Montara H6 development well had been successfully tied into field facilities and commenced production.
Citi upgrades British Land to 'neutral'
Citi upgraded British Land to ‘neutral’ from ‘sell’ on Tuesday but said the path to structural growth remains uncertain.
US Treasuries matter more for German Bunds than election result (for now), Saxo says
Until a government coalition is formed, German Bunds are more vulnerable to rising yields in the U. S. than the German election, says Steen Jakobsen, chief investment officer of Saxo Bank.
Cerillion experiences inks two agreements with Denmark's OpenNet
Software solutions company Cerillion has inked two agreements with Danish telecoms business OpenNet worth a combined £4. 3m.
RBC Capital upgrades Electrocomponents to 'outperform'
RBC Capital Markets upgraded Electrocomponents on Tuesday to ‘outperform’ from ‘sector perform’ and hiked the price target to 1,350p from 1,070p as it said the company will be a long-term winner.
Rentokil increases some of its growth targets
Rentokil Initial announced changes to its medium-term growth targets on Tuesday, with group organic revenue now expected to grow between 4% and 5%, excluding disinfection, from a previous 3% to 4% target.
Pennon trading in line as revenues offset increased costs
Pennon Group updated the market on its current trading on Tuesday, reporting that it was on track to deliver a “resilient” financial performance in line with management expectations.
Moonpig lifts full-year revenue guidance
Online greeting card retailer Moonpig lifted its full-year revenue guidance on Tuesday as it hailed strong trading in the year to date.
AB Dynamics performs 'well' in H2 despite supply chain disruptions, FX headwinds
Testing and simulation systems provider AB Dynamics said on Tuesday that it had performed "well" during the second half of the year, managing supply chain disruption and currency headwinds effectively in order to meet a strengthening in demand during the period.
UK Commercial Property Trust H1 performance boosted by increase in asset values
Real estate investment trust UK Commercial Property Trust said on Tuesday that its interim performance had improved, driven by stronger asset valuations on the back of a recovering economic outlook.
Europe open: Shares lower on China slowdown fears, inflation
European shares opened lower on Tuesday as worries over an economic slowdown in China and rising global inflation hit sentiment.
London open: Stocks edge lower but oil giants rally as Brent tops $80 a barrel
London stocks edged lower in early trade on Tuesday following mixed sessions in the US and Asia, as worries about inflation continued to play on investors’ minds.
Chemring secures three new contracts in Countermeasures & Energetics
Chemring announced three new contract awards in its Countermeasures & Energetics segment on Tuesday, with the biggest one valued at $22m.